RE:RE:NEXG.v Appoints Industry Icon Frank Giustra as AdvisorAn astute investor should always fear dilution. Many ways to dilute. Morgan mentioned warrants.
I am not sure how many are out there at present. Sp has to be much higher to justify exorsize.
Still do not know mill cost and such. With gold at record highs and going up, streams are likely to b sold. With Teck and the camp supplier taking shares for there interests, would seam good.
Currently, we are down 10% from when the deal was first proposed. If the warrants carry the same pp tax advantage, they could be exorsied at undervalue. The big q is. Will the drill add enough metal to compensate for dilution?
I hope to cautiously add, going forward. These guys have not instilled big confidence in success so far.
However, a permitted greenfield gold mine is not a bad thing. At some point miners will become popular.
Happy hoping:))
Nf